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Greece's Alpha Bank nine-month earnings rise on stronger fee, interest income

By Reuters News

ATHENS, Oct 30 (Reuters) - Alpha Bank, Greece's fourth-largest lender by market value, reported higher net earnings for the first nine months of the year, supported by strong growth in fee and interest income.

The bank, in which Italian bank UniCredit holds a 29.5% stake, posted normalised net earnings of €778.5 million ($902.6 million) for the January-September period, up from €681.5 million a year earlier.

Here are some details:

  • Net interest income rose to €1.32 billion from €1.19 billion euros a year earlier

  • Fee and commission income increased to €482.7 million from €365.2 million in the year-ago period

  • Loan impairment charges climbed to €142.2 million from €136.8 million

  • The company's non-performing exposure ratio stood at 3.6%

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